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DRIVE
winter 2016
PROGRAM
BBA
SEMESTER
III
SUBJECT CODE
& NAME
BBA 301
–LEGAL AND REGULATORY FRAMEWORK
1. Discuss the major commercial
and corporate laws prevailing in India.
[Commercial laws-5
Corporate laws-5]
Answer: Commercial
laws
1.
The Indian Contract Act, 1872: Most of the transactions in trade, commerce
and industry in India are based on contracts. The Indian ContractAct, 1872 lays
down the general principles relating to formation,performance and
enforceability of contracts and the rules relating
2. Explain the essentials of a
contract of sale. Discuss the rights of an unpaid seller.
[Essentials of a contract of a sale-5
Rights of an unpaid seller-5]
Answer: Essentials
of a Contract of Sale
i)
Two parties: There must be two parties i.e., a buyer and
a seller to effect a contract of sale and they must be competent to contract.
ii)
Goods: There must be some goods, the property
which is to betransferred, from the seller
3. Discuss the documents that are to be
submitted to the ROC along with the application of for incorporation of a
company
[List the documents-2
Explanation of two major detailed documents-4]
Answer: List
of documents
1. Memorandum of Association
2. Articles of Association
3.
4. Differentiate Competition Act
2002 and MRTP act 1969. Discuss the salient features of Competition Act.
[Differences-5
Features-5]
Answer: Differences
|
MRTP
ACT, 1969
|
COMPETITION
ACT, 2002
|
|
Based on the pre
liberalisationScenario
|
Based on the post liberalisationScenario
|
5. Elaborate the important
features of Trademark Act, 1999.
Answer: Trademarks
A trademark generally refers to a ‘brand’ or
‘logo’. The Parliament
6. Explain the main objectives of
Factories Act, 1948. Discuss the main areas that are focused in this act.
[Objectives-2
Areas and the factors that influence-4*2=8]
Answer: The mainobjectives of the Act are as
follows:
• To secure the safety of the person.
• To secure health and protection of the
persons from hazardousoccupation / processes and equipment.
• To ensure sound working conditions and
welfare of the persons.
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